Tuesday, January 05, 2021 2:32:04 PM
FORW is deeply undervalued at its current share price of about .065. If FORW has no other value other then its shares in TSNP it should be selling at about .17 per share.
TSNP’s 3.9 billion outstanding shares is about 9 times more than FORW’s 440 million shares. TSNP market value is about $625 million vs FORW’s $29 million. If you multiply .125 (500 million/4 billion) times $625 million you get about $78 million. FORW should be selling at about 2.7 times it’s current price or about $.17 per share.
Psychologically it would be difficult to pay more per share then for TMPS but that’s the math. FORW is in a great position to succeed. Hopefully it’s value will get noticed and it’s shareholders will be justly rewarded. GLTA.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM